This article explores the impacts of sovereign rating changes by multiple rating agencies on foreign exchange rate volatility during the Asian crisis. We extend the existing literature to explore the impacts of multiple agency sovereign rating changes on the realized volatility of foreign...

This study explores the impact of corporate takeover defences on the extent of earnings management in the US. Theoretically, it is not obvious whether takeover defences alleviate or exacerbate earnings management. Four well-known corporate takeover defences are examimed: blank check preferred...

Motivated by agency theory, this study investigates how staggered boards influence accounting discretion. The results indicate that staggered boards do affect accounting discretion. In fact, the impact of staggered boards on accounting discretion is substantially larger (about seven times...